Edible Garden AG Incorporated (NASDAQ:EDBL) Sees Large Increase in Short Interest

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,510,000 shares, an increase of 12,143.9% from the December 31st total of 20,500 shares. Based on an average daily trading volume, of 17,410,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 13.8% of the company’s stock are short sold.

Edible Garden Trading Down 3.9 %

NASDAQ EDBL opened at $0.26 on Wednesday. The stock has a market capitalization of $5.08 million, a price-to-earnings ratio of -0.01 and a beta of 1.45. Edible Garden has a 52 week low of $0.12 and a 52 week high of $12.47. The stock’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 1.11.

Edible Garden Company Profile

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.